AIRSHOW-Quiet Singapore Airshow ends with fewer deals
* $9 bln deals signed at airshow, $4 bln less than 2 yrs ago
* Too many airshows, says Leahy of Airbus
By Harry Suhartono
SINGAPORE, Feb 5 (Reuters) - The aviation industry's first major meeting of the year concluded business on Friday with only a few deals and no major sales by aerospace giants Boeing and Airbus, reflecting unease about the global economic outlook.
The Singapore Airshow reported that $9 billion worth of deals were signed during five days of trade, $4 billion short of the previous airshow in the city-state in 2008.
"It was disappointing, no commercial (aircraft) deals, everything was on MROs (maintenance, repair and overhaul). People even thought last year's Dubai Airshow was disappointing," said aviation analyst Shashank Nigam, who writes a blog on the industry.
In 2009, Dubai wrapped $14 billion worth of deals which included sales of two Airbus A380s, the world's most expensive aircraft.
The biggest commercial deal at the Singapore Airshow this year was a $3.5 billion deal between International Aero Engines and Jetstar Airways, of which $1.5 billion was for V2500 engines and $2 billion for a long-term service agreement. [ID:nSGE61409R]
The International Aero Engines consortium groups Pratt & Whitney (UTX.N: Cotización) together with Rolls-Royce (RR.L: Cotización), MTU Aero Engines (MTXGn.DE: Cotización) of Germany and a trio of Japanese heavy engineering companies. Continuación...